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Thursday, February 25, 2010

Nissan to showcase new small car at Geneva auto show

Nissan Motor Company, Japan's third largest automaker will showcase its new global compact car next month at the Geneva International Motor Show along with a host of other vehicles such as the Juke small crossover and the Leaf Electric Vehicle.

The new global compact car which will replace the March/Micra in many international markets will be sold in India from May onwards.

It is the first new model to be developed on Nissan's all new V Platform and will be manufactured in five countries, including Thailand, India, China and Mexico. The company is yet to finalise the fifth plant.

The production of this model will commence in May 2010 in India and will be manufactured at the plant that is coming up at Oragadam in Chennai. The car will also be made available in more than 150 countries of which a substantial part will be served by the Indian plant.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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